What is the Value of 20 Pips for Mini Account? - How Many Dollars is 20 Pips for Mini Account?
How to Calculate 20 Pips Value Profit and Loss in a Mini Account
1 pip is the smallest/minimum currency pair movement that is used by the traders when trading currencies.
1 pip movement when trading Mini lots is equal to $1 dollars (10,000 currency units * 0.0001 = $1 dollars)
For Example if EURUSD moves from 1.2000 to 1.2001 this is equal to 1 pip - a pip is the 4th decimal place in the forex quote.
Therefore, for 20 Pips Move in a Mini Account the profit or loss will be equal to:
20 pips* $1 per pip = $20
Hence, 20 pips move for Mini lot is equal to $20 dollars
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